In a bizarre incident, Christian "Daytwo" Nieves impersonated Coinbase support and scammed $4 He most of these funds to satisfy his gambling habits.
Crypto detective ZachXBT emphasized the amateurish nature of this operation, noting that he left many pieces of evidence. Nevertheless, Nieves was quite successful in deceiving his targets.
What is Coinbase Impersonation Sc?
ZachXBT, one of the biggest detectives in the industry, has been tracking this complex scthread, detailed the methods of this Coinbase impersonation scam.
The Scammer "Daytwo" stole $240,000 from one target in 2024, and ZachXBT was able to track all of his money laundering patterns.
1/ An investigation into how the New York based social engineering scammer Daytwo/PawsOnHips (Christian Nieves) stole $4M+ from Coinbase users by imppersonating, support bought luxury goods, and lost most of the funds gambling at casinos.inos pic.twitter.com/7PsP8ymPPtO
—BTxabt) June 23, 2025
Over the past, scam epidemic has targeted Coinbase customers. ZachXBT revealed that $6.5 million was stolen last November by thieves impSupport.
By February, he estimated $150 million had been stolen. The exchange experienced a major data breach last month could have enabled additional crimes.
ZachXBT showed remarkable contempt for Daytwo compared to his targets. He uncovered the scammer's real name (Christian Nieves) and even obtained a photo of his of his driver's license avoid paying his accomplices because he lost their share at casinos.
Ultimately, there was prevailing surprise that such an amateurish operation could be so successful. ZachXBT found recordings of Nieves discussing money laundering operations on camera.
There is substantial evidence that Nieves committed these Coinbase scams.
"It's rare to find a social engineering scammer who doesn't hide his identity so blatantly and flaunts stolen funds on social media. This is quite an easy case for law. Unfortunately, the recovery for victims is likely to be small because most of the stolen funds disappeared through gambling," ZachclaimedX.
Coinbase impersonation scams are increasing, and Nieves did not use much technical skill to deceive his His targets. leaked user data is easily easily obtainable, he social users into funds compromised wallets.
Nieves primarily used at cunning to scam at least 30 Coinbase users.
We are certainly in the a "Crypto Crime Supercycle". Cryptocurrency users must must be wary as these crimes can generate millions of dollars.
Sophisticated hacking is very dangerous, but clumsy social engineering operations can also empty wallets.
